Samsung Electronics disclosed on the 31st that it decided to cancel 73,359,314 common shares and 13,603,461 preferred shares.
The par value per share is 100 won, and the planned cancellation amount is about 14.5806261853 trillion won. The cancellation is scheduled for on the 2nd of next month.
Samsung Electronics said, "This share cancellation decision concerns the cancellation of treasury shares acquired pursuant to board resolutions on Feb. 18, 2025, and July 8, 2025, for purposes including enhancing shareholder value," adding, "Within the scope of distributable income, the treasury shares acquired will be canceled by a board resolution, which will only reduce the number of shares without reducing capital."
Earlier, Samsung Electronics said it would cancel about 87 million of the 105.43 million treasury shares it held as of the end of last year within the first half of this year.